PPF Calculator
15-year lock-in, extendable in blocks of 5 years.
What is a PPF Calculator?
A PPF Calculator is a free online tool that estimates how much your Public Provident Fund account will be worth at maturity. It adds up your yearly deposits, compounds the interest every year, and shows how much of the final amount is your own money and how much is tax-free interest.
Enter how much you plan to deposit each financial year, the current PPF interest rate and how long you will keep the account. The calculator projects your balance year by year, including any 5-year extensions after the first 15 years.
Year-by-Year PPF Growth
Compounding Schedule| Year | Amount Deposited | Interest Earned | Year-End Balance |
|---|
How Does a PPF Calculator Work?
Each year, your new deposit is added to the balance and the whole balance earns interest at the PPF rate. That interest is added to the account at the end of the financial year, so next year it earns interest too. Over 15 years this compounding does most of the work - which is why depositing early in the year, by 5 April, earns you the most.
Practical Example:
Suppose you deposit the maximum ₹1,50,000 every year for 15 years at an interest rate of 7.1% p.a.:
- Total Investment: ₹22,50,000
- Tax-Free Interest Earned: ₹18,18,209
- Maturity Value: ₹40,68,209
What is the PPF Calculator Formula?
With a fixed deposit made at the start of every year and yearly compounding, the maturity value is:
PPF compared with other tax-saving options:
| Scheme | Lock-in | Returns | Risk | Tax on Returns |
|---|---|---|---|---|
| PPF | 15 years (partial withdrawal from year 7) | Set by the government, reviewed quarterly | Very low - government-backed | Tax-free (EEE) |
| ELSS Mutual Funds | 3 years | Market-linked | High - equity exposure | Gains above the yearly exemption are taxed |
| National Savings Certificate (NSC) | 5 years | Fixed at purchase, set by the government | Very low - government-backed | Interest is taxable |
| Tax-Saver Fixed Deposit | 5 years | Fixed by the bank | Low | Interest is taxable |
| Sukanya Samriddhi Yojana | Until the girl turns 21 | Set by the government, reviewed quarterly | Very low - government-backed | Tax-free (EEE) |
All the schemes above qualify for a Section 80C deduction under the old tax regime. Rates and tax rules change; check the current position before investing.
Frequently asked questions
Everything you need to know — from what we do to how we do it — in one quick FAQ section.
OPEN ACCOUNTPPF is a long-term savings scheme backed by the Government of India. You deposit between ₹500 and ₹1,50,000 each financial year for 15 years, and earn a government-set interest rate that compounds every year.
